Mykolaiv Region Leads Ukraine in Personal Income Tax Revenue Growth

Mykolaiv region is the leader in terms of growth in personal income tax revenues and ranked second in terms of growth in general fund revenues among other regions of Ukraine.

This was reported by the press service of the Ministry of Finance of Ukraine.

In 2024, the increase in personal income tax revenues to local budgets of the region amounted to 31.9%. The growth of revenues of the general fund of local budgets compared to 2023 reached 29.5%. Last year, the general fund received about 451 billion hryvnias, which is 87.6 billion hryvnias more than in 2023.

Screenshot: Ministry of Finance of Ukraine

The main sources of local budget revenues in 2024 were

• UAH 257.5 billion - personal income tax (PIT);
• UAH 69.1 billion - single tax;
• UAH 39.3 billion - land payment;
• UAH 27.8 billion - excise tax;
• UAH 27.1 billion - corporate income tax on private sector companies;
• UAH 10.7 billion - real estate tax.

The largest growth in revenues of the general fund of local budgets was recorded in Kyiv (+36.8%) and Mykolaiv region (+29.5%). High revenue growth rates were also recorded in Zakarpattia, Kyiv, Volyn, and Vinnytsia regions.

Screenshot: Office of the President of Ukraine

The increase in incomes in these regions is partly due to the displacement of businesses and citizens from the active combat zone or the temporarily occupied territories.

The lowest growth is in the regions where active hostilities are taking place or which are temporarily occupied, such as Donetsk, Zaporizhzhia, Kherson and Luhansk regions.

Thanks to effective measures and joint efforts of the business community, state and local governments managed to increase local budget revenues by 24.1% compared to 2023.

In 2024, the budgets of Mykolaiv region increased by more than UAH nine billion. The main sources of replenishment were taxes on the income of individual entrepreneurs, land and real estate fees, and excise revenues.

Since the beginning of the full-scale invasion, all of Ukraine's own budget revenues have been used to finance defense, which accounts for about half of the budget. The country's civilian expenditures are covered by foreign financial assistance, and in 2025, $38.4 billion is needed to meet these needs.

Анна Бальчінос